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LIC  asked  RBI not to  buy  9.99% stake in HDFC Bank 

 RBI has  agreed  to  let  LIC  buy 9.99%  stake in HDFC Bank, India's largest private sector bank.    HDFC Bank  on Thursday  announced  that the Reserve...

Competition Commission of India  approves Burma’s  Religare  proposal  

 “The acquirers are  systemically  important  non-banking  finance  companies (NBFCs)  whose main  business  is investing  in capital markets and providing secured  loans,” the  commission  said. ...

The Ministry of  Finance  has an important meeting  on  the issue of  trade  payments  on February 5 

 This comes a week after the Ministry of  Trade  and Industry  asked  DFS to maintain credit  flows  to  exporters amid  disruptions  in the Red...

Sankey Prasad is Colliers CMD for  India and the  Middle East 

 With immediate effect,  Sankey Prasad becomes Chairman and  Managing Director  (CMD)  of  India and CMD  of  the Middle East  engineering business, operating  under the...

Share  investor data with SEBI: FPIs  have  seven months to liquidate their  shares  

 “There is no immediate deadline or  limit  for FPIs to liquidate  their shares,”  sources said. Sebi had earlier asked  FPI  to  reduce this  exposure...

Direct  tax to GDP  ratio  hits  15-year high in FY23, tax  momentum declines  

 As per CBDT, a taxpayer is a person who  has filed a return of income for the relevant assessment year (AY) or in  which ...

India’s  sunflower imports  weakened  as  attacks in the  Red Sea  increased shipping  costs 

 The world's  largest buyer of  sunflower oil  usually imports  most of  it  from the Black Sea region  through  the Red Sea. However, recent Houthi...

 Indian  stock exchanges currently rank fourth  with  a total market  value of $4.33 trillion,  surpassing the  Hong Kong  market.  

 The  United States,  China and Japan are the  major  stock markets in the world.  BSE's  market  capitalization stood at Rs 366 lakh crore on...

Officials said there is no need to review the tax exemption system  due to  actions by the US and  EU  

 The RoDTEP scheme, announced in January 2021, refunds  general taxes  and  duties,  such as VAT on fuel used in  transport,  mandi tax and  electricity...

The  Bank of Japan  maintains  negative  interest rates and weakens the yen  

 The  BoJ  maintained  short-term interest rates at  -0.1%  and kept yield curve control parameters  unchanged after  a two-day meeting, according to  a  statement  released...
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